Who propounded Psychological law of consumption

Related MCQs

• Psychological law of consumption states that the value of MPC is lies between zero and
• Keynes assumed thepresence of --------- economy for the fundamental law of consumption
• The slope of the consumption function is called
• Ratio of consumption expenditure to any particular level ofincome
• In the linear consumption function C = a + bY, coefficient ‘a’ denotes
• When disposable income risesfrom Rs 500 to Rs 600 and consumption expenditure changes from Rs 470 to Rs 560, MPC will be equalto
• Which of the following can cause shifts in consumption function:
• Consumption of capital good in the process of production is called as
• Say’s law of market says:
• “Supply creates its own demand “is a law of: